Universal Display Co. (NASDAQ:OLED) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Universal Display Co. (NASDAQ:OLED - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $199.57.

Several equities research analysts have recently weighed in on OLED shares. Oppenheimer reduced their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. Citigroup decreased their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday.

Universal Display Trading Up 0.1 %

NASDAQ:OLED traded up $0.10 during mid-day trading on Friday, hitting $142.93. 505,201 shares of the company's stock traded hands, compared to its average volume of 699,412. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The firm has a 50 day moving average of $150.97 and a two-hundred day moving average of $177.17. Universal Display has a 12 month low of $141.41 and a 12 month high of $237.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC raised its holdings in shares of Universal Display by 33.1% in the 3rd quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company's stock worth $302,000 after buying an additional 357 shares in the last quarter. GAMMA Investing LLC raised its stake in Universal Display by 80.2% during the third quarter. GAMMA Investing LLC now owns 926 shares of the semiconductor company's stock worth $194,000 after acquiring an additional 412 shares in the last quarter. CWM LLC lifted its holdings in shares of Universal Display by 390.9% during the third quarter. CWM LLC now owns 5,586 shares of the semiconductor company's stock valued at $1,173,000 after acquiring an additional 4,448 shares during the period. UMB Bank n.a. boosted its stake in shares of Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company's stock valued at $68,000 after purchasing an additional 96 shares in the last quarter. Finally, LVW Advisors LLC bought a new stake in shares of Universal Display in the 3rd quarter worth about $785,000. Institutional investors own 78.19% of the company's stock.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.